TECH - PayPal Raises Annual Outlook Expands Q1 Margins Amid Competitive Pressure from Apple | Benzinga
PayPal Holdings Inc (NASDAQ:PYPL) reported fiscal first-quarter revenue growth of 9% year-over-year to $7.7 billion, beating the consensus estimate of $7.5 billion.
The company reported quarterly adjusted EPS of $1.08 per share, missing analyst estimates of $1.22.
Total payment volumes increased 14% year-over-year to $403.9 billion in the quarter. Payment transactions were up 11% in the quarter, and payment transactions per active account increased 13% on a trailing 12-month basis. Total active accounts decreased by 1% to 427 million.
The operating margin expanded 84 basis points to 18.2%, and the adjusted operating income increased 15% year over year to $1.4 billion.
Operating cash flow came in at $1.9 billion, and free cash flow came in at $1.8 billion. PayPal ...